Osinbajo decries Nigeria’s dependence on oil

30 November 2015, Abuja – Vice President Yemi Osinbajo has described the over-dependence on oil resources as the cause of the high level of corruption, dwindling economy and the redundant human resource base in the country.

Vice President Yemi Osinbajo

Vice President Yemi Osinbajo

Osinbajo also observed that the over-reliance on oil was behind the agitation for resource control, especially from the South-South geo-political zone.

The Vice President made this remark on Monday while inaugurating the Partners for Sustainable Development Forum organised by the Niger Delta Development Commission in Port Harcourt, the Rivers State capital.

Osinbajo described the theme of the forum; ‘Restrategesing Development Concepts in the Niger Delta Region to Provide for Post-Oil Wealth Socio-economic Sustainability’, as strategic and apt considering the current global decline in oil revenue.

Represented at the occasion by the Deputy Chief of Staff of the Presidency, Mr. Adeola Ipaye, the Vice President added that the inauguration of the forum was coming at a time when the new globally adopted Sustainable Development Goals was nearing commencement of implementation.



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